The step targets the continuing of the company’s operations and the payment of debts under better conditions than under insolvency.
The company went through a rough period two years ago when one of its founders, Dragos Pop, passed away.
ADM Farm is currently owned by Mihai Alin Iosep and Elena Pop.
In 2013, the wholesaler reported nearly 10% lower turnover, to RON695 million (EUR157 million), and switched to loss.
ADM Farm currently has 3,500 pharmacy clients, with 80% of sales being generated by independent drugstores and the rest of 20% by drugstore networks.